CAREERS IN COMMERCE

COMMERCE is a vast field and different career options are available for students to choose from. With hundreds of career options to select from one needs to select a career based on proper information and analysis , not by suggestions . When we think about commerce careers the first words that come to our mind is CA, CS, CMA, MBA, and so on. But in the past decade, we have witnessed remarkable changes in the field of Science and Technology, that may have been unthinkable just a few years back. This has thrown open a realm of wonderful opportunities for students to explore .

PROFESSIONAL COURSES

CA ( Chartered Accountancy )

Chartered Accountant is a designation given to an accounting professional who is qualified to take care of the matters related to accounting and taxation of a business, like a file tax returns, audit financial statements, and business practices, maintaining records of investments, preparing and reviewing financial reports and documents. This is a professional-level course that is administered by a professional body “ ICAI ( The Institute of Chartered Accountants of India)”.
The entire Chartered Accountancy course duration is almost 5 years. Students need to study subjects like Taxation, Law, Auditing, Costing, etc.
Only when the candidate has qualified all these exams is, he/ she considered a Chartered Accountant and gets authenticated as the same. The exams of CA are
CA ( Foundation ) I CA (Intermediate ) I CA (Final)

CS ( Company Secretary )

A trained and certified Company Secretary can work as an independent advisor to a firm for procedures of loans, taxes, partnerships, government licenses, registrations, etc. or join a company secretary firm to render services to its clients. A Company Secretary is responsible to advise the board of directors and ensure that the company complies with legal and statutory regulations. It is considered as a professional level course which is conducted by “ ICSI (The Institute of Company Secretaries of India)”. The student after 12th Std. has to undergo these three stages to pursue the Company Secretaries Course.
Foundation Programme | Executive Programme | Professional Program

CMA ( Cost and Management Accountant )

This is yet another professional-level course conducted by “ ICAI (The Institute of Cost Accountants of India)” previously known as ICWAI (The Institute of Cost & Works Accountants of India)”. Under this students need to study and gain knowledge relating to Costing, Planning, Controlling, and different aspects related to Management Accounting. The student after 12th Std. has to undergo these three stages to pursue the Company Secretaries Course.
CMA ( Foundation ) | CMA (Intermediate ) | CMA (Final)

Some of the professional courses conducted by institutes from outside India are

CPF ( Certified Financial Planner )
The CFP certification program in India is governed and conducted by FPSB ( Financial Planning Standards Board India), now directly administered by U.S.-based FPSB Ltd. (Financial Planning Standards Board Ltd). All the students who have an interest in areas like Personal finance, wealth management, insurance planning, and mutual fund investing, etc can pursue this course. The minimum eligibility for CFP is 12th pass from any recognized board or relevant entrance exam scores like CA (Intermediate level), CFA, ICWA, CAIIB, CS, etc. among other qualifications such as LLB, Ph.D., and such. CFP certification can be undertaken in two modes– Regular Pathway and the Challenge Status Pathway, which depends upon the candidate’s eligibility and qualification.

CFA (Chartered Financial Analyst)
This is a highly sought-after certification and is quite well known across the financial industry internationally. It is conducted by the CFA Institute, USA. One needs to have a bachelor’s (or equivalent) degree or be in the final year of your bachelor’s degree at the time of registration, or have four years of qualified, professional work experience.

CPA (Certified Public Accountant)
Just like the CA qualification in India, the CPA (Certified Public Accountant) is the highest professional qualification related to accounting in the U.S. One can move towards becoming a practicing CPA by taking the Uniform CPA exam conducted by the AICPA ( American Institute of Certified Public Accountants) Apart from the U.S., a CPA qualification is highly regarded and accepted globally, including India.

CIMA (Chartered Institute of Management Accountants)
The Chartered Institute of Management Accountants based in the UK is the largest professional body of management accountants. They along with the American Institute of Certified Public Accountants (AICPA) conduct a highly respected global program called the CIMA. This is a course more suitable for people interested in a corporate career as opposed to just public accounting practice. The CIMA professional exam consists of 12 exams in total, spread over 3 different levels.

ACCA (Association of Chartered Certified Accountants)
The Association of Chartered Certified Accountants (ACCA) is a UK-based body that offers this global certification in Accountancy. ACCA is recognized in over 78 markets and has more than 80 international accountancy body partnerships. Owing to its highly professional standards, the ACCA exam is challenging. However, when compared with the US CPA, it is quite easier to handle.

FRM ( Financial risk management )
For a focussed career in risk management, FRM is the ultimate choice. Offered by the Global Association of Risk Professionals (GARP, USA), Financial Risk Managers is a globally recognized professional certification for banking and finance professionals. FRM holders can explore many rewarding career options in Risk Management, Trading, Structuring, etc.
including India.

PURE COMMERCE COURSES

Top Commerce Courses After 12th Std.

  • B.Com ( Bachelor of Commerce )
  • B.Com ( Honours)
  • B.Com ( Accounts & Finance)
  • B.Com (Banking & Insurance)
  • B.Com ( Economics )
  • B.Com (Marketing)
  • B.Com (Statistics)
  • B.Com.( International Finance)
  • B.Com.( Strategic Finance)
  • B.Com ( Corporate Secretaryship )
  • B.Com (E-Commerce)
  • BAF (Bachelor of Accounting & Finance)
  • BBA ( Bachelor of Business Administration )
  • BMS ( Bachelor of Management Studies)
  • BBS (Bachelor of Business Studies)
  • BFM (Bachelor of Financial Markets)
  • IAI (Actuarial Science)

Other Courses After 12th Std.

  • LLB ( Bachelor of Law )
  • B.Des ( Bachelor of Design)
  • BHM ( Bachelor of Hotel Management )
  • BTM ( Bachelor of Tourism and Travel Management)
  • BJMC (Bachelor of Journalism & Mass Communication)
  • BJ (Bachelor of Journalism)
  • B.Ed. ( Bachelor in Education )
  • BMC (Bachelor of Mass Media & Communication)
  • BBA (Event Management & PR)
  • Bachelors in Film Making
  • Bachelor in Animation & Multimedia
  • Bachelor of Fine Arts in Animation, Graphics, and Web Design
  • Bachelors in Game design
  • Bachelor of Fashion design
  • Bachelors in Photography
  • B.Sc. ( I.T)